Aruba Networks Facing Stiff Competition From Cisco

By | May 23, 2014

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Aruba Networks (ARUN) stock fell Friday as its Q3 beat and better-than-expected outlook didn’t dispel fear of tough competition. Aruba’s numbers were a mixed bag as the company competes with Cisco Systems (CSCO) and other rivals, Amitabh Passi, an analyst for UBS Securities, said in a research note Friday. Passi cut his price target from 22 to 21. Aruba Networks stock was down 12% in afternoon trading in the stock market today, near 17.50, a Scalper1 News

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